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Question 48 (4 points) For items 48, 49 and 50, use...

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Question 48 (4 points) For items 48, 49 and 50, use the following information for the Peace Hall Company. Peace Hall Company acquired equipment on January 01, 2020 for $50,000. The equipment has an estimated useful life of 10 years and an estimated residual value of $5,000. The equipment is expected to produce 100,000 units. During 2020 the equipment produced 12,000 units and during 2021 the equipment produced 8,000 units. What is the amount of "depreciation expense" for 2020 and 2021 under the Straight-line method? 2020- - $5,000; 2021- -$5,000 2020--$4,500; 2021- -$9,000 2020- - $4,500; 2021- $4,500 2020- -$5,000; 2021--$10,000

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